Velocity Venture Partners Acquires 340K SF Industrial Building In Colmar For $30.7M

Velocity Venture Partners, represented by Zach Moore & Tony Grelli, has acquired a 340,000-square-foot industrial building located at 3400 East Walnut Street in Colmar, Montgomery County. The property was sold by BREP I LP for a total price of $30.7 million. The transaction was facilitated by the Canadian Imperial Bank of Commerce.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $30,700,000
• Address: 3400 East Walnut Street, Colmar
• Market: Montgomery County
• Acres: 28

The industrial building, currently occupied by Dorman Products, offers ample expansion potential, as well as opportunities for improvements and redevelopment. This strategic acquisition provides Velocity Venture Partners with a valuable asset in the Colmar market.

With the expertise of Zach Moore & Tony Grelli from Velocity Venture Partners, this successful transaction showcases their astute negotiation skills and demonstrates their commitment to expanding their investment portfolio.